Construction Film Market Size was valued at USD 17.90 Billion in 2023. The Construction Film Industry is projected to grow from USD 18.95 Billion in 2024 to USD 28.30 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.14% during the forecast period (2024 - 2032). The building industry's focus on enhancing toughness and energy efficiency while reducing service costs, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The main factors driving market expansion are the rise in construction activities throughout the world and the demand for energy-efficient systems in buildings. Additionally, the market for producers of these plastic sheets is always becoming more competitive due to the surge in demand for low-cost, high-performance films. Furthermore, these films are easily recyclable and environmentally friendly, contributing to the improvement of environmental values, which is projected to fuel the expansion of the construction film market throughout the forecast period. For movie makers, recycling plastic waste offers a lot of opportunities. Without losing performance, recycled plastic films can be used in a number of construction film applications. The majority of plastic waste produced worldwide is imported into China. Recycling plastic waste into construction films will be a desirable option given the increasing need for construction films around the world. In comparison to traditional rigid packaging materials, construction films provide a number of benefits, including being lightweight, having good barrier properties, and being recyclable and reusable.
Environmental rules present a difficulty for plastic film producers, traders, and vendors. For the purpose of establishing a waste management system, these regulations require makers, importers, and vendors selling plastic films to collect a fee for managing plastic trash. In a similar vein, these producers and importers must keep tabs on sales records and gather and recycle plastic garbage.For movie makers, recycling plastic trash has enormous promise. Recycled plastic films can be employed in a variety of construction film applications without sacrificing performance. Most of the world's plastic garbage is imported into China. Recycling plastic waste into construction films will be a tempting prospect given the rising need for construction films in APAC.
The easing of foreign investment laws has increased investment in residential and infrastructure projects, which benefits the construction sector. In turn, this will increase demand for building movie. The availability of application-specific materials, cost advantages, and durability are other factors that are anticipated to fuel demand. The growing acceptance of green building practices is another important element that has a significant impact on the demand for film production. Better energy efficiency, lower operating costs, help conserve natural resources, and boost productivity are all benefits of green construction practices. The green construction sector will be driven by favorable government efforts and incentives as well as the advantages of being recognized as a green project, such as property tax credits, which will boost product demand. Their use in green construction projects has expanded because to their high resilience and low production costs. Numerous uses, including roofing, flooring, walls and ceilings, windows, building enclosing, HVAC, electrical, and plumbing applications, make extensive use of the product. Thus, driving the Construction Film market revenue.
The Construction Film market segmentation, based on Material, includes Poly Vinyl Chloride (PVC), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polypropylene (PP), Polyethylene Terephthalate (PET), and Others. Poly vinyl chloride (PVC) segment dominated the market in 2022. It is a resilient plastic that is frequently used in film and possesses qualities including robustness, chemical resistance, and corrosion resistance, all of which reduce maintenance costs and increase the useful life of structures.
The Construction Film market segmentation, based on Application, includes Vapor Retarders, Gas/Moisture Barrier, Reinforced Enclosure, Building Systems, and Others. Vapor retarders segment dominated the Construction Film market in 2022. Due to their strength, resistance to bacterial development, and capacity to lessen moisture intrusion, vapor retarders are widely used in flooring, wall, and ceiling applications. Since they can serve as a barrier between the internal and external building envelopes, vapor retarders have many important applications in the construction industry. Additionally, they can be employed in floor constructions, high humidity buildings and roofing, and timber frame structures.
The Construction Film market segmentation, based on End Use, includes Residential, Industrial, and Commercial. Residential segment dominated the market in 2022. Because of the increasing number of residential building projects being undertaken worldwide as a result of the expanding population, the residential sector is predicted to become the largest end-use segment over the next years. Additionally, it is probably going to have the highest CAGR during the anticipated time frame.
Figure 1: Construction Film Market, by End Use, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Construction Film Market dominated this market in 2022 (45.80%). This is due to a burgeoning industrial sector brought on by rising investments in the development of LNG terminals along the Gulf Coast as well as an increase in the number of new power plants. Further, the U.S. Construction Film market held the largest market share, and the Canada Construction Film market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CONSTRUCTION FILM MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Construction Film market accounted for the healthy market share in 2022. The market in Europe is well-established and constantly changing. Additionally, product advancements include fragment retention coatings, UV and fade protection, bomb explosion protection film, condo glass coating, and window tinting will favorably affect market expansion. Further, the German Construction Film market held the largest market share, and the U.K Construction Film market was the fastest growing market in the European region
The Asia Pacific Construction Film market is expected to register significant growth from 2023 to 2032. The regional market is anticipated to be driven in the next years by a number of government initiatives as well as a sizeable foreign investment in real estate development. Moreover, China’s Construction Film market held the largest market share, and the Indian Construction Film market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Construction Film market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Construction Film Industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Construction Film Industry to benefit clients and increase the market sector. In recent years, the Construction Film Industry has offered some of the most significant advantages to medicine. Major players in the Construction Film market, including Saint-Gobain, Berry Inc., Eastman Chemical Company, Raven, RKW Group, Polyplex, CLIMAX SYNTHETICS PVT. Ltd, Tech Folien Ltd., PLASTIKA KRITIS SA, QINGDAO KF PLASTICS CO., Ltd, Masterpak sal, and Polifilm Extrusion GmbH, are attempting to increase market demand by investing in research and development operations.
Compagnie de Saint-Gobain (Saint-Gobain) manufactures building materials and construction-related products. Its product line comprises a range of plastics, pipelines and associated goods, building supplies, gypsum, industrial mortar, roofing, and exterior wall products. Additionally, the business sells performance polymers, glass textiles, and mineral ceramics. These products are marketed by the company under a number of names, including ADFORS, British Gypsum, Saint-Gobain Gla, and Isover. The automotive, aerospace, health, defense, energy, security, and food and beverage industries all use Saint-Gobain products. Along with its affiliates and subsidiaries, the corporation conducts business throughout the Americas, Europe, the Middle East, Africa, and Asia-Pacific. The headquarters of Saint-Gobain are located in Courbevoie, Ile-de-France, France. To grow its construction solutions business, Saint-Gobain will spend USD 56 million in a new plasterboard plant in Spain in March 2021. Construction films should see increase as a result of this expansion.
Manufacturer and supplier of speciality chemicals is Eastman Chemical Co. It offers a huge selection of cutting-edge materials, goods with functionality, specific additives, chemicals, and fibers. Additives, plasticizers, specialty plastics, adhesives, performance films, chemical intermediates, acetate yarn, and other goods are among its product offerings. The business also sells speciality films and wet-laid nonwovens. The coatings, food, beverage, feed, agricultural, building and construction, packaging, transportation, consumables, consumer durables, health and wellness, and other industries all use Eastman's products. It runs through an international network of production sites, technical service centers, and sales offices. The US city of Kingsport, Tennessee, is home to Eastman's headquarters. To support a new coating and laminating line, Eastman Chemical Company enlarged its operations in Dresden, Germany, in January 2020. The significant expansion of Eastman's high-performance window film products used in construction will be supported by this investment.
January 2020: Raven Industries opened a facility in Waynesboro on the US east coast to increase the fabrication capabilities of its Engineered Films Division. Due to its advantageous location, Raven Engineered Films will be able to serve its construction industry clients with a higher level of service and deliver products more quickly.
Construction Film End Use Outlook
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